Seamec sailing in smooth waters

Yesterday, late evening, Seamec announced a piece of good news – it  has entered into a contract for the charter hire of vessel “Revelation” with Resolve Salvage and Fire (Asia) for undertaking a job in West Coast of India.

The tenure of the contract is for a firm period of 25 days subject to extension.

The contract will commence around the first week of January 2017 and most important – the value of charter during firm period is placed at $244,000.

The market, which is on the lookout for good news, hanging on to every such news like a drowning man to a blade of grass, reacted positively. The stock, which has closed yesterday at Rs.81.15, opened higher at Rs.84.30, going up to an intra day high at Rs.85.40. Its 52-week high is at Rs124.